Page 17 - Indian Banks
After outage, Trai puts on hold regulation on pesky SMS for one week
Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday
 "After outage, Trai puts on hold regulation on pesky SMS for one week")
Retail loan growth will continue to remain far from encouraging for banks
Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months
 "Retail loan growth will continue to remain far from encouraging for banks")
Lenders 'can't be asleep', must suffer compensation cut for bad loans: CEA
Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor.
 "Lenders 'can't be asleep', must suffer compensation cut for bad loans: CEA")
PMC Bank suitors face additional capital rider; RBI board meet on March 19
Rs 750 cr needed to enable payout of over Rs 5 lakh per depositor
 "PMC Bank suitors face additional capital rider; RBI board meet on March 19")
Expect moderately worse banking sector outlook for next fiscal: Fitch
The plan is well below Fitch's estimated capital requirement of USD 15 billion to USD 58 billion under varying stress scenarios
 "Expect moderately worse banking sector outlook for next fiscal: Fitch")
ICICI Bank reduces home loan rates to 6.7% effective immediately
However, customers can only avail of this benefit up to the end of this month (March 31, 2021)
 "ICICI Bank reduces home loan rates to 6.7% effective immediately")
Explained: What is NUE licence for retail payments and who's interested?
Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments
 "Explained: What is NUE licence for retail payments and who's interested?")
Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse
An SP group source said the dues from Reliance Home Finance are to a joint venture company and not Shapoorji Pallonji alone
 "Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse")
Extreme weather events put $84 billion of Indian bank debt at risk
Banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed effects of cyclones and floods on loan repayments in farming and related sectors
 "Extreme weather events put $84 billion of Indian bank debt at risk")
Private equity interest can improve governance in banks: Rahul Bhasin
PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said
 "Private equity interest can improve governance in banks: Rahul Bhasin")
Video KYC: Private banks hit the ground the running, while PSBs lag
Contactless identification could be a gamechanger in the post-Covid world
 "Video KYC: Private banks hit the ground the running, while PSBs lag")
IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future
India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over
 "IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future")
'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'
Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012
 "'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'")
Centre lifts embargo on grant of govt businesses to private banks
Move will spur competition, promote efficiency in customer service standards
 "Centre lifts embargo on grant of govt businesses to private banks")
Fino Payments Bank says inclusion in commercial bank list to boost biz
Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank. The Reserve Bank on Tuesday said it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per the RBI. It also helps the bank strengthen its business proposition on liabilities generation, Fino said in a release. "It provides strategic impetus for Fino Payments Bank to enhance its scope on balance sheet management and explore additional avenues for business. We are keen to capitalise on the growth opportunities that exist within the regulatory guidelines and build on the momentum of consistent profitability achieved last fiscal," said Rishi Gupta, MD & CEO, Fino Payments Bank. The ...
 "Fino Payments Bank says inclusion in commercial bank list to boost biz")
Federal Bank aims 'mid-teen' growth in credit for fiscal 2022
The firm is aiming for an acceleration in credit growth into 'mid-teen' figures in 2021-22
 "Federal Bank aims 'mid-teen' growth in credit for fiscal 2022")
India Ratings upgrades outlook on banking sector to 'stable' for FY22
The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent
 "India Ratings upgrades outlook on banking sector to 'stable' for FY22")
State Bank of Sikkim under Reserve Bank of India's regulatory purview
The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government
 "State Bank of Sikkim under Reserve Bank of India's regulatory purview")
How to revive PMC Bank
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer
IDFC First Bank's promoter, Warburg may not participate in fundraising
Board clears Rs 3K-cr capital raise plan
 "IDFC First Bank's promoter, Warburg may not participate in fundraising")
